Day: August 16, 2024

Sindh cabinet has allotted 250 acres for setting up three solar parks

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solar-energy

Karachi: The Sindh cabinet has approved allotting 250 acres of land in the Manjhand area in District Jamshoro for setting up a solar park having a generation capacity of 500 MWs of clean electricity.The provincial cabinet, whose meeting was chaired by the Sindh Chief Minister Syed Murad Ali Shah, also approved allotting 612 acres of land in District Central of Karachi for a solar park of 120 MWs generation capacity. The cabinet also approved the project of setting up a solar park having a production capacity of 150 MWs on…

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Sindh cabinet approves setting up SEPRA as Pakistan’s first provincial power sector regulator

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Power genration

Karachi: The Sindh cabinet has granted approval to the formation of the Sindh Electric Power Regulatory Authority (SEPRA) to set up Pakistan’s first-ever provincial-level regulator for electricity affairs in line with the 18th Constitutional Amendment.The cabinet meeting was chaired by Sindh Chief Minister Syed Murad Ali Shah. On June 7, 2023, the Sindh Assembly unanimously passed the Sindh Regulation of Electric Power Services Bill-2023 envisaging setting up the SEPRA.The SEPRA will comprise a chairman and three members. The CM also approved a grant of Rs 197.916 million as part of…

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KCCI demands release of pending Rs33 billion against incremental consumption

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KCCI-Import

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to his discussions with industrial town associations in connection with delays in release of funds against incremental consumption of electricity during COVID-19 pandemic, urged the government to immediately release the remaining amount of Rs33 billion to Karachi industries so that their grievances could be minimized to some extent.“KCCI has been constantly raising this particular issue and it has been assured by the policymakers on various occasions that the funds had already been allocated against incremental consumption…

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Pakistan’s Refining Sector Prepares for Major Furnace Oil Exports Amid Dwindling Local Demand

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Refinery-Limited

KARACHI: Pakistan’s refining industry is gearing up for significant furnace oil exports in the coming weeks, with shipments expected to exceed 100,000 tonnes. The shift towards exports comes as domestic demand for furnace oil has nearly vanished since the start of the current fiscal year. Pakistan Arab Refinery Limited (PARCO) has already issued a tender to export 50,000 tonnes of furnace oil, while Pakistan Refinery Limited (PRL) is seeking approval from the Oil & Gas Regulatory Authority (OGRA) to proceed with its own export plans. PRL aims to export 50,000…

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Fire Breaks Out at RLNG Power Plant Near Trimmu Barrage, Jhang

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Jhang-RLNG

ISLAMABAD: In the early hours of August 3, a gas turbine at the 1,263 MW RLNG-based power plant near Trimmu Barrage, Jhang, caught fire, causing significant damage. The power plant, which boasts an efficiency of 61.16 percent, was a key project initiated by Prime Minister Shehbaz Sharif during his tenure as Punjab Chief Minister. The project, fully owned by the Punjab government, was completed at a cost of $707.7 million, financed through a mix of 25 percent equity and 75 percent loans from major banks. Punjab Information Minister Azma Bukhari…

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